This property looks like a bad Long-Term investment with a projected -16.6% first-year return on $86,730 initial cash invested.
-16.6%
Cash On Cash
3.34%
Cap Rate
0.52
DSCR
$2,669
Rent
-$1,200
Cashflow
Cash Flow
$2,669 income − $3,869 expenses = $1,200 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,730
Downpayment
20%
$82,600
Closing costs
1%
$4,130
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,669
Total Expenses
$3,869
Mortgage P&I
83%
$2,216
Property Taxes
29%
$785
Home Insurance
6%
$147
HOA
1%
$28
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0